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Vancouver Commercial Real Estate

PIRET Closes The Deal

We spoke with Pure Industrial Real Estate Trust president Kevan Gorrie about the REIT's growth strategy for 2014. “With the pullback in the fixed-income market, we’ve had to be more patient and selective in raising capital and putting it work,” he tells us. The Vancouver-based REIT announced yesterday the successful closing of a single-tenant industrial property in Calgary for $12.1M and a portfolio of five multi-tenant and single-tenant industrial properties in the greater Toronto area for $93M. PIRET’s portfolio now totals 161 properties totaling 13.9M SF of leasable space.

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